Tension for Xstrata board as Glencore deal nears finish line
LONDON (Reuters) – Commodities trader Glencore is set to all but clinch its $30 billion takeover of Xstrata this week, despite a potential snub for the miner's board if, as expected, investors scrap a controversial pay plan for its managers. Shareholders in bo th Glencore and Xstrata , the world's fourth-largest diversified miner, will vote in Switzerland on Tuesday. European competition regulators will decide by Thursday whether to give the green light to one of the sector's biggest ever acquisitions, or begin a longer probe. …
Reporters Without Borders condemns Israeli strikes
Reporters Without Borders has condemned Israeli missile attacks on two media centers in Gaza that wounded six Palestinian journalists and damaged the equipment of foreign media outlets.
St-Pierre adds to legacy, now has a chance to settle who is the best fighter
MONTREAL – Striking coach Phil Nurse took one look at Georges St-Pierre in the locker-room before his UFC 154 main event and had a flashback to April 2008.
Growing protest targets Muskrat Falls as Newfoundland legislature reopens
ST. JOHN’S, N.L. – Provincial politicians head back to the legislature Monday in St. John’s, N.L., amid growing protest over the $7.4 billion Muskrat Falls megaproject.
Egyptian army fights Cairo squatters, 3 dead
Egyptian army troops fought a four-hour gun battle with protesters in southern Cairo on Sunday, sparked by a dispute over land on an island of the Nile, security officials said. Three protesters were killed.
Komatsu, Sinomach compete for Germany's MAG Group: sources
FRANKFURT (Reuters) – Japan’s Komatsu and China’s Sinomach are to battle it out to buy German machine tool maker MAG Group , three sources familiar with the sale process told Reuters on Sunday. Goldman Sachs , which is running the sale, has narrowed the field to the two Asian companies, one of which could end up paying as much as 700 million euros ($890 million), the sources said. Komatsu, which makes diggers and other construction equipment, is seen as best placed to win the auction, the sources added. An MAG spokesman would only say that a new owner should be found by the end of the year. …
Peru's Humala approval rating ticks up on social spending
LIMA (Reuters) – Peruvian President Ollanta Humala's approval rating rose to a five-month high in November, chi efly buoyed by his emphasis on social programs, an opinion poll showed on Sunday. Humala's popularity climbed 3 percentage points to 43 percent after holding steady for four straight months, according to the Ipsos Apoyo survey. The former military leader's popularity tumbled earlier this year over his handling of increasingly violent social conflicts, mostly surrounding the country's key mining industry. …
Congo rebels advance to outskirts of Goma
KINSHASA (Reuters) – Rebels in Congo were on the outskirts of the eastern city of Goma on Sunday after pushing back U.N. peacekeepers and government troops, but a spokesman said they did not plan to take the city. In four days of battles, the rebels have advanced closer than at any time in their eight-month-old uprising to Goma, the provincial capital of North Kivu and home to the headquarters of the U.N. peacekeeping mission in eastern Congo. Colonel Vianney Kazarama, spokesman for the M23 rebels, said rebel fighters had advanced to within 2 km (1 mile) of Goma. …
Sunday, November 18, 2012
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